Welcome to Newswatch
Filed under: In Our Opinion
Welcome to Newswatch, a new way in which Chesapeake Energy will present a total picture – through news items, opinion pieces and straight facts – about what is going on with the Barnett Shale.
Newswatch will be all about the news of the Barnett, and how it impacts the lives of North Texans. The shale is a 350-million-year-old formation of sedimentary rocks, sitting a mile under the feet of residents in 20 counties, with an estimated 50 trillion cubic feet of untapped natural gas – a potential gold mine for a country in desperate need of domestic energy.
A new way to get to those pockets of natural gas, horizontal drilling, has caused a boon in North Texas, helping prop up the local economy at a time when the nation as a whole is facing dire straits. While Chesapeake and other energy companies are also feeling the credit pinch, it has not stopped us from continuing to do our work, producing domestic fuel and providing much-needed jobs.
Some have seen the gas play as a headache, because it meant the construction of drilling rigs, some of them close to neighborhoods. […]
Read more